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Business News
««« Click HERE for Recent Business News Mexico Inflation Quickens to Fastest Since May 2005 Jens Erik Gould
Mexico posted the fastest annual inflation since May 2005 as prices in the first half of April surged for food, gasoline and housing
Mexico Hottest Market During Past 10 Years Jesse Emspak
Investors who took the long view on exchange traded funds in 1998 were rewarded if they went overseas. Nine of the 10 ETFs with the biggest yearly returns tracked overseas markets, according to Lipper data. Of those nine, four were in emerging markets.
Mexico Economy: Sunny Today, Cloudy Tomorrow Diego Cevallos
So far, the Mexican economy has not fallen prey to the ills affecting its principal trading partner, the United States, and is surviving internal political tensions arising from government initiatives to reform the state-owned oil company. But conditions could deteriorate in the second half of the year.
Wachovia Is Under Scrutiny In Latin Drug-Money Probe Evan Perez & Glenn R. Simpson
Federal prosecutors are investigating Wachovia Corp. as part of a broad probe of alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies, according to people familiar with the matter.
In Hard Times, Mexico's Telmex Wants TV Rights Chris Aspin
Mexico's Telmex, the country's leading but stagnant fixed-line phone operator, is facing hard times from ever stiffer competition and wants to offer television services to grow.
The Price of Rice Will Rise Philip Bowring
Rice prices may have moved in the same trajectory as other grain prices, but the equation of production, consumption and trade of Asia's leading staple is actually quite different from other grains.
Cemex: Acquisitions, Mexico Spending Help Offset U.S. Crisis Jessica Bernstein-Wax
Cemex said Tuesday that it expected recent acquisitions and higher government and private spending in Mexico to help offset declines in its two largest foreign markets, the U.S. and Spain.
Latin America Economy: From Optimism to Concern Daniela Estrada
The Economic Commission for Latin America and the Caribbean (ECLAC) called on countries in the region Tuesday to take urgent measures to deal with the rising cost of food, which threatens to tip an additional 15 million people into extreme poverty.
Mexican Oil Production Falls 7.8 Percent in First Quarter Associated Press
Mexico's state-run oil company says production dropped 7.8 percent in the first quarter as current reserves dwindle. Petroleos Mexicanos also said Monday that oil exports had dropped 12.5 percent over the same quarter a year ago.
Native Medicinal Herb Could Become New Mexico Cash Crop Jane Moorman
Through the centuries, settlers in the Southwest have discovered the medicinal benefits of the native plant yerba del manso, commonly called swamp root or lizard-tail. With the renaissance of medicinal herbs in the United States, a New Mexico State University agronomist believes the plant could become a cash crop for New Mexican organic farmers.
Latin America Pulling Away from a Slowing U.S. Economy Jason Simpkins
Concerns about the U.S. economic slowdown are starting to blunt some of the optimism surrounding Latin American economies. And while some of the more-timid investors are already retreating from the region, the actual panic some are experiencing is premature.
The Condo Boom Moves On to Latin America Matthew Haggman
Latin America has emerged as a place of opportunity during the U.S. downturn. A recent report by consultancy Ernst & Young cited the region for its steady economic growth yet relative affordability when compared to the United States and Europe.
Protect NAFTA Say Business Leaders Norma Greenaway
With anti-NAFTA rhetoric swirling south of the border, 30 top business leaders from Canada, the United States and Mexico are warning their political leaders to speed efforts to enhance post-NAFTA security and trade arrangements on the continent or risk losing ground to global competition.
Investment in Mexico Richard Katzman & Jane Rogers
Foreign investment in Mexican real estate is on the rise, and many favorable factors conspire to keep this trend moving forward. Investors and developers are increasingly looking to Mexico as a land of opportunity.
Mexico Bank Likely to Keep Rate at 7.5% on Inflation Concerns Jens Erik Gould
Mexico's central bank will probably keep its benchmark interest rate unchanged for a sixth consecutive month as policy makers weigh above-target inflation against their concern that the economy is slowing.
Mexico Industrial Production Jumps 5.4% in Feb Jason Lange
Mexican industrial output jumped 5.4 percent in February compared with the same month a year ago, the government said Thursday, growing more than twice as quickly as analysts had forecast.
White House Defends NAFTA: 'There's Nothing Broken' Terence Hunt
The White House on Friday vigorously defended the 14-year-old free-trade agreement among the United States, Mexico and Canada against sharp criticism from Democratic presidential candidates Hillary Rodham Clinton and Barack Obama.
Latin America Looks Within for Growth Theresa Bradley
Latin American leaders vowed to boost trade and investment in the region to withstand a sharp economic downturn in the United States.
Retailing Chains Caught in a Wave of Bankruptcies Michael Barbaro
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country.
US Economy Going Into "Eye of Storm" - Citi's Rhodes Noel Randewich
The U.S. economy is heading toward "the eye of the storm" and may well be in recession, William Rhodes, senior vice chairman of Citigroup Inc, said on Tuesday.
US Foreclosures Jump 57 Percent in Last 12 Months Lynn Adler
Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, real estate data firm RealtyTrac said on Tuesday.
Fuel Choices, Food Crises and Finger-Pointing Andrew Martin
A reaction is building against policies in the United States and Europe to promote ethanol and similar fuels, with political leaders from poor countries contending that these fuels are driving up food prices and starving poor people.
Real Estate Options in Mexico Cater to a Diverse Demographic Tom Kelly
The baby boomer generation continues to drive the search for second homes, not just in the United States but in Mexico and throughout Latin America as well.
Mexico's 12-Month Inflation Shoots Up to 4.25% Jason Lange
Mexican inflation in March shot past the limit the central bank considers acceptable, keeping pressure on policy-makers to hold interest rates steady despite fears of an economic slowdown.
Inflation Hits Consumers Worldwide Mark Trumbull
After years of strong global economic growth, prices of oil, grains, and some metals have spiked. Investors are adding fuel to that fire by buying up hard assets like commodities, which are viewed as a hedge against inflation.
US Gas Prices Set Record, Oil Edges Up Adam Schreck
U.S. retail gas and diesel prices jumped to yet another record Friday, piling on the costs for motorists as well as consumers reliant on trucks, trains and ships to deliver goods to market.
MINT Real Estate Conference in Cancun John K. Glaab
Realtors and exhibitors from the United States, Canada, Latin America and overseas will gather together in Cancun, Mexico on June 19th and 20th, 2008 for the fourth annual edition of the Mercado Inmobiliario Turistico (MINT) Real Estate Trade Show.
Cheaper Diesel in Mexico a Draw for Truckers on Both Sides of the Border Kyle Arnold & Jared Taylor
More and more U.S. truckers and other motorists are taking advantage of the cheaper fuel in Mexico, according to one filling station owner in Reynosa.
Herbalife Red Flags for Fraud Issued EWorldWire
The Fraud Discovery Institute has just released a list of the Top Ten Red Flags of Fraud at Herbalife, LTD ('http://www.frauddiscovery.net') based upon experts' analysis of the company.
Mexican Peso Mortgages Now Available Patrick Harrison
The perfect option for any Foreign or Mexican National living and working in Mexico, MEXLend is pleased to announce that Peso Loans are now available for those individuals who for the most part have officially expatriated to Mexico.
Mexico's Congress Urges Calderon to Defend Cemex From Chavez Adriana Lopez Caraveo and Thomas Black
Mexico's lower house of Congress urged President Felipe Calderon to defend the country's companies from Venezuelan President Hugo Chavez's efforts to nationalize them.
Mexico Pemex to Issue 5 Bln Pesos of Citizens' Debt Cyntia Barrera Diaz & Lizbeth Salazar
Mexico's oil state giant Pemex would initially issue around 5 billion pesos of citizens' bonds under a government reform plan, Energy Minister Georgina Kessel said Wednesday.
Zell Sees Open Door in Emerging Real Estate Markets William Kemble-Diaz
Real estate mogul Sam Zell sees few opportunities in U.S and European property markets but says undersupplied residential markets in Asia and Latin America remain moneyspinners for adventurous housebuilders.
Televisa Signs French Deal John Hopewell
Showing the same kind of appetite for international business as the U.S. studios, Mexican TV colossus Televisa is disembarking full-throttle in France.
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